Crypto.com Co-founder Launches New AI Agents to Simplify Trading
Finance/Tech

Crypto.com Co-founder Launches New AI Agents to Simplify Trading

A new AI platform provides autonomous agents designed to assist retail consumers in trading and managing financial tasks.

AI platform ai.com, created by Kris Marszalek, co-founder and CEO of Crypto.com, has announced its plan to introduce autonomous AI agents aimed at retail consumers.

These agentic AI agents are designed to perform tasks such as stock trading, automating workflows, and even simple chore management like updating calendars and online profiles, as detailed in a company announcement.

The agents promise to keep user data separate and secure, using unique encryption keys for each individual. They will operate based on user-defined limitations regarding what actions they can execute.

The technology has recently gained popularity, with about 23% of surveyed organizations, according to McKinsey, indicating they are broadening their use of AI agents.

Survey on agentic AI
Survey tracking agentic AI usage in organizations. Source: McKinsey & Company

Advocates for these AI agents assert that they can significantly improve crypto trading processes and wallet management, thus lowering the entry barriers for newcomers unacquainted with blockchain technologies.

How agentic AI can simplify access to cryptocurrencies and Web3
The technical challenges for users encompass selecting suitable blockchain networks and navigating complex interfaces. Jonathan Farnell, CEO of Freedx, states that agentic AI can alleviate this complexity by determining the fastest and most cost-effective ways to execute transactions. Reeve Collins, co-founder of Tether, emphasizes that the integration of AI will remove most complexities, enabling users to manage diverse crypto portfolios seamlessly.

Related Articles: Crypto dev launches website for agentic AI to ‘rent a human’

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